Toymaking Giant Mattel Pauses Minting Of New NFTs

Mattel, a multinational game and entertainment company known in the distinctive, unprecedented symbol market for unique non -operating symbol groups, has announced that it will stop new non -explosive symbols. The Mattel Declaration appeared amid a short market increase, which prompted the weekending weekly trading sales of global fees that exceed $ 100 million.

Mattel stops a new NFT compensation

On May 05 Publishing the siteThe giant Mattel for the game industry confirmed its plan to prevent NFT from separating the market platform. According to the team, the Hot Wheels Virtual Garage will not launch any new chain or features of the foreseeable future. However, the creations of the Mattel “My Group” and the Mattel Digital Collectibles market will remain active and operate normally while the team holds the future of the program in the long run.

Mattel was founded in 1945, a leading global games and entertainment company, known to own famous brands such as Barbie, Hot Wheels, Fisher-PRICE and American Girl. This multinational games and entertainment manufacturer produces a wide range of games, content, consumer products and digital experiences, aiming to inspire and develop the fans and develop children through play.

Mattel entered the non -operative symbolic scene in 2021. At that time, the Hot Wheels Nft Garage Marketplace gone, allowing the fans to collect and trade digital representations of their favorite hot wheel models. The first drop was characterized by a set of digital arts inspired by hot wheels, with some excellent NFTS NFTS for died material cars. Since then, the company has produced more new hot NFT collections.

What is wrong?

Four years later, Mattel has stopped the production of the new NFT groups, noting that its NFT team is developing a long -term plan for virtual holdings and will share more updates with society in the future. Meanwhile, Mattel Nft Marketplace will remain open and active through at least 2025, allowing users to buy, sell and trade virtual holdings. The NFT market continues to work normally while assessing the future of the program in the long run.

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